RBC Capital Markets disclosed Amazon.com (NASDAQ:AMZN), hiking its stock price target to $1,000.00 earlier today
- Updated: September 16, 2016
Having a price of $775.48, Amazon.com (NASDAQ:AMZN) traded 1.13% higher on the day. The last stock price is up 11.57% from the 200-day moving average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. Amazon.com has registered a 50-day average of $766.47 and 200-day moving average of $689.87. 3,049,001 shares of the stock traded, up from ann avg. trading volume of 2,967,180
Amazon.com (NASDAQ:AMZN) had its estimated target price bumped up to $1,000 by RBC Capital Markets in an issued report issued Friday September 16 2016. The updated target price indicates a potential upside of 0.29% from the bussiness’ previous closing price.
On Wednesday September 7 2016, Vetr Inc. released a statement on Amazon.com(NASDAQ:AMZN) raised the target price from $0.00 to $834.78. At the time, this indicated a possible upside of 0.06%.
Recent Performance Chart:
In addition to RBC Capital Markets reporting it’s stock price target, a total of 40 brokerages have issued a research note on Amazon.com. The average target is $802.92 with 13 analysts rating the stock a strong buy, 28 firms rating the company a buy, four firms rating the stock a hold, 0 rating the company to underperform, and lastly 0 brokerages rating the stock as sell.
With a market capitalization of $0.0, Amazon.com has a one-year low of $474.00 and a 52 week high of $790.79 with a price-earnings ratio of 191.
Brief Synopsis On Amazon.com (NASDAQ:AMZN)
Amazon.com, Inc. offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS). The Company’s North America segment focuses on retail sales of consumer products from sellers and subscriptions, through its North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx. The Company’s International segment includes export sales from its internationally focused Websites, including export sales from its sites to customers in the United States, Mexico and Canada. The Company’s AWS segment focuses on the sales of compute, storage, database and other AWS service offerings for start-ups, enterprises, government agencies and academic institutions. The Company offers Amazon Prime, and which is an annual membership program.
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